The most common and most likely answer to this crossword clue is the 6 letter word JOYOUS
I've seen this crossword clue in Financial Times
J
O
Y
O
U
S
More clues leading to the result JOYOUS
- Very merry solver cracking immature joke
- Ecstatic girl’s embracing you
- Solver opens sweetheart’s bubbly
- Happy the solver’s participating in joke, up to a point
- Happy to be just on your own, until sobbing starts
- Happy and steady runs for good solver
- Happy to be with sweetheart; yours without regretting to begin with
- Happy girl with 26 13 across, person I’m addressing second
Buddy explains!

The straight part
We know that "bubbly" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case bubbly = joyous.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does JOYOUS mean?
JOYOUS adjective- Full of joy; happy.